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US Stock Market rally: Fed’s 25 bps cut, Nvidia-Intel Deal, and strong Jobless Claims fuel gains
['Elior Manier', 'Market Analyst']
MarketPulse
US indices are riding an intense wave of optimism following the Federal Reserve’s 25-bps rate cut, with the S&P 500, Nasdaq, and Dow Jones all pushing higher.
(As I write this piece, some profit-taking might be into play, watch the daily highs for a further push).
Nvidia (NVDA) sparked extra momentum after announcing it would acquire part of Intel’s (INTC) equity, sending Intel stock soaring over 25% in early session trading.
Tech peers like CrowdStrike (CRWD) and Synopsys (SNPS) also extend gains, underscoring a broader sector rally.
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'nvidiaintel'
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'synopsys']